I was glad to read that patience is one of your virtues,
As we are approaching our inaugural AGM, it is probably an appropriate time to reflect upon the progress made by SS NZCS on its voyage thus far.
Initially NZCS raised $5million to acquire a loss making ling mau business.
This was followed by a 1:3 issue to raise an additional $1million plus and a pivotal change of direction to acquire a fledgling nutraceutical business.
After numerous positive announcements shareholders were induced to contribute an additional $4million plus in a rather confusingly priced SPP.
Meanwhile NZCS continued to burn cash at the rate of $1million a quarter,
Then suddenly a keystone ling mau contract was deferred and the recently issued 4.2c shares plummeted to be currently available at 2.4c (a fall of 42.8%).
In the midst of this carnage, all that has been announced to the market was that "slick Willie" Wilissee and his BOD thought that they deserved to be issued with 40.5million 5YEAR Incentive Performance Rights.
I believe that shareholders deserve better and my patience is wearing rather thin.
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